U.S. Household Wealth Falls for Third Consecutive Quarter, Fed Says

(Reuters) – U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values, a Federal Reserve report showed on Friday.

Household net worth declined to $143.3 trillion at the end of September from $143.7 trillion at the end of June, the Fed’s quarterly snapshot of the national balance sheet showed.

It was the third consecutive quarter household wealth has declined.

(Reporting by Lindsay Dunsmuir and Dan Burns; Editing by Chizu Nomiyama)

Copyright 2022 Thomson Reuters.






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